Saudi Arabia’s Capital Market Authority (CMA) has launched a 30-day public consultation on a new draft proposal aimed at transforming the Kingdom’s asset management industry. The consultation will run until November 6, 2025 , and invites input from all interested stakeholders through the CMA’s official channels.
The draft framework would open Saudi Arabia’s main market to all categories of non-resident foreign investors and introduce a more flexible structure for setting up simplified investment funds. These funds are designed to offer lower establishment and management costs alongside greater operational flexibility aligning with leading global investment practices.
Inspired by the widely adopted Limited Partnership model used in alternative investment funds around the world the CMA has tailored the approach to meet Saudi Arabia’s financial sector development objectives and the diverse needs of investors.
The CMA expects this framework coupled with upcoming Offshore Securities Business License regulations to pave the way for Saudi Arabia’s evolution from a domestically focused industry leader to a major regional and global asset management hub.
According to CMA data Saudi Arabia’s asset management sector achieved record growth in 2024 with total assets exceeding SR1 trillion, up 20.9% from SR871 billion in 2023. Investment funds accounted for more than SR700 billion of this figure with private investment funds making up 75% of that total.
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